OpenAI reached a post-money valuation of $852 billion following a funding round that closed on March 31, 2026. This represents a 766% increase from the valuation of roughly $100 billion recorded two years prior. In early 2024, the company was valued between $86 billion and $100 billion, rising to $157 billion by October 2024.
The March 2026 funding round raised $122 billion, with participation from Microsoft and Nvidia. As of mid-2026, the company's annualized revenue run rate is estimated between $24 billion and $40 billion, while monthly revenue reached approximately $2 billion earlier in the year. The firm remains unprofitable.
Secondary market trading in September 2026 suggested an implied valuation of $475 billion, reflecting a 44% discount compared to the primary round. OpenAI filed for an IPO in June 2026, aiming for a public listing in 2027. At its primary valuation, the company trades at 30x to 35x its revenue run rate.
The company increased its computing power by 17x over the two-year period. Meanwhile, competitor Anthropic achieved a valuation of $965 billion with an annual revenue run rate of $47 billion in 2026, surpassing OpenAI's figures.
